Indexation is one of the most important principal to know if you are an investor in real estate, mutual funds, direct equity i.e. in almost all investment instrument of relevance. Indexation is one of the key factors (for saving taxes), effective use of which can reduce your tax burden significantly.
Following is a technical understanding of Indexation:
Indexation is a technique used to adjust the purchase price of Continue reading “What is indexation on investments and how can it help you on saving taxes this financial year?”
PAN stands for Permanent account number and is 10 digit alphanumeric number which is allotted by the Income Tax department. Historically, PAN was mandatory only for people who were filing income tax returns but after demonetisation PAN has been made mandatory for most financial activities for ex: opening a bank account. Infact, it is mandatory now to link your Bank Account to your PAN otherwise Government will have full authority to close down your Bank Account.
Like Aadhar, it is important for everyone to also have PAN Card as it has multiple usage Continue reading “How to apply for PAN in India?”